American Capital Management Inc. Buys 5,147 Shares of AAON, Inc. $AAON

American Capital Management Inc. raised its position in shares of AAON, Inc. (NASDAQ:AAON) by 1.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 276,884 shares of the construction company’s stock after acquiring an additional 5,147 shares during the period. American Capital Management Inc. owned approximately 0.34% of AAON worth $22,912,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Millennium Management LLC boosted its stake in AAON by 429.3% in the 1st quarter. Millennium Management LLC now owns 81,145 shares of the construction company’s stock valued at $6,340,000 after purchasing an additional 65,813 shares during the period. NewEdge Advisors LLC boosted its position in shares of AAON by 1.8% in the first quarter. NewEdge Advisors LLC now owns 16,267 shares of the construction company’s stock valued at $1,271,000 after acquiring an additional 294 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of AAON by 20.6% in the first quarter. Goldman Sachs Group Inc. now owns 430,936 shares of the construction company’s stock valued at $33,669,000 after acquiring an additional 73,644 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of AAON by 5.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 233,002 shares of the construction company’s stock valued at $18,204,000 after acquiring an additional 12,489 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in shares of AAON by 96.5% in the second quarter. EverSource Wealth Advisors LLC now owns 334 shares of the construction company’s stock valued at $25,000 after acquiring an additional 164 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

AAON Stock Down 1.6%

AAON stock opened at $101.02 on Tuesday. The company has a market cap of $8.27 billion, a PE ratio of 70.64, a price-to-earnings-growth ratio of 2.86 and a beta of 1.41. The company has a quick ratio of 1.75, a current ratio of 2.62 and a debt-to-equity ratio of 0.46. AAON, Inc. has a 52 week low of $62.00 and a 52 week high of $150.46. The business has a 50-day simple moving average of $124.53 and a 200 day simple moving average of $105.61.

AAON (NASDAQ:AAON) last released its earnings results on Thursday, May 7th. The construction company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.31 by $0.17. The firm had revenue of $496.94 million for the quarter, compared to analyst estimates of $381.08 million. AAON had a net margin of 7.30% and a return on equity of 13.67%. The business’s quarterly revenue was up 54.3% compared to the same quarter last year. During the same period last year, the firm earned $0.37 EPS. Sell-side analysts anticipate that AAON, Inc. will post 2.24 EPS for the current fiscal year.

AAON Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 5th were given a dividend of $0.10 per share. The ex-dividend date was Friday, June 5th. This represents a $0.40 annualized dividend and a dividend yield of 0.4%. AAON’s dividend payout ratio (DPR) is currently 27.97%.

Insiders Place Their Bets

In other AAON news, EVP Gordon Douglas Wichman sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $140.39, for a total transaction of $421,170.00. Following the completion of the transaction, the executive vice president directly owned 10,997 shares in the company, valued at $1,543,868.83. The trade was a 21.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Casey Kidwell sold 3,153 shares of the company’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $138.30, for a total value of $436,059.90. Following the sale, the insider owned 13,463 shares of the company’s stock, valued at $1,861,932.90. The trade was a 18.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 118,580 shares of company stock valued at $16,321,222 over the last three months. 18.09% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have weighed in on AAON. Zacks Research cut shares of AAON from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 7th. Oppenheimer restated an “outperform” rating on shares of AAON in a research report on Friday, May 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of AAON in a research report on Tuesday, July 14th. Finally, KeyCorp began coverage on AAON in a research note on Thursday. They issued a “sector weight” rating for the company. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $112.00.

AAON Profile

AAON, Inc (NASDAQ: AAON) is a U.S.-based designer and manufacturer of heating, ventilation and air conditioning (HVAC) equipment for commercial and industrial applications. The company’s product portfolio focuses on rooftop packaged units, water-source heat pumps, chillers and custom-engineered solutions that cater to a wide array of building types, from office complexes and schools to data centers and healthcare facilities.

AAON’s core offerings include rooftop units available in gas, electric and dual-fuel configurations, precision air-conditioning systems for temperature- and humidity-sensitive environments, and modular chillers suited for both indoor and outdoor installations.